Core Insights - The private residential completion volume in Hong Kong saw a significant increase in September, reaching 1,004 units, up approximately 69.6% from 592 units in August [1] - The majority of completions in September were in the Kowloon district, with 548 units, while the New Territories recorded 450 units, both breaking the "zero completions" status seen in August. The Hong Kong Island area had only 6 completions, a drastic decrease of 99% month-on-month [1] Summary by Category Completion Volume - For the first nine months of the year, a total of 13,354 private residential units were completed, representing a 22.3% increase compared to 10,921 units in the same period last year. This figure is approximately 64% of the annual target of 20,862 units, compared to 49% achieved in the same period last year [1] District Analysis - Kowloon district accounted for the highest completion volume with 8,105 units, a significant increase of about 65.3% from 4,902 units year-on-year. The Hong Kong Island recorded 2,457 units, a fivefold increase year-on-year, while the New Territories saw a notable decline of approximately 50.2%, with only 2,792 units completed compared to 5,610 units last year [1] Unit Size Analysis - The most completed units were those with a usable area of 431 square feet or less, totaling 7,113 units, which is a 16.3% increase from 6,119 units year-on-year. The mid-sized units, ranging from 431 to 752 square feet, also saw an increase, with 4,431 units completed, up approximately 18.8% from the previous year [1] - The largest increase in completion volume was observed in medium-sized units (753 to 1,075 square feet), with 1,155 units completed, marking a substantial increase of about 2.9 times year-on-year. Conversely, large units (1,076 to 1,721 square feet) experienced a decline, with 521 units completed, down approximately 17.7% from the previous year [2]

Core Insights - The completion of private residential units in Hong Kong has rebounded, with June 2025 recording 2,637 units, a significant increase from the low of 330 units in May, representing a month-on-month growth of approximately 700% [1] - In the first half of this year, the total number of completed private residential units reached 10,063, which is about 41.8% higher compared to the same period last year when it was 7,095 units [1] - The forecast for total completions for the year is 20,862 units, with the current figures accounting for approximately 48.2% of this annual target [1] Regional Breakdown - The majority of completed units in the first half of the year were in the Kowloon district, totaling 7,258 units, which represents about 72.1% of the overall completions [1] - The Hong Kong Island district recorded 1,851 units, accounting for approximately 18.4% of the total [1] - The New Territories had 954 units completed, making up about 9.5% of the total [1] Unit Size Distribution - In the first six months, the supply continued to focus on small to medium-sized units, with those under 431 square feet accounting for 5,639 units, or 56% of the total [1] - Units ranging from 431 to 752 square feet comprised 3,232 units, representing approximately 32.1% of the completions [1]